Myths about the ERC
The employee retention tax credit is overlooked by many organizations that might be eligible to take advantage of the credit. The ERC applies for 2020 and 2021 and there is a three-year window to file an amended return. Since this credit applies to quarterly activities ...
Read More →
Is Double-Dipping Allowed on ERC, WOTC, and PPP Loan Wages?
Many clients are asking us: May I use the same payroll for PPP forgiveness, the ERC, FFCRA, and WOTC? Although there is no IRS rule prohibiting you from using the same pay period’s payroll for each of these credit and relief options, your organization must ...
Read More →
ERC – Employee Retention Credit – $19,000 Refundable Tax Credit Per Eligible Employee
Retain your employees—receive a 50% or 70% payroll tax credit! The purpose of the Employee Retention Credit is to encourage employers to keep employees on the payroll, even if they are not working during the covered period due to the effects of the coronavirus outbreak. ...
Read More →
